Luis Moreno García has been named director of the division in Private Banking, Asset Management, and Insurance Division, assuming a week later that Javier Marín has been named Chief of Executive Officer (CEO) of the bank replacing Alfredo Sáenz, sources have been confirmed by Grupo Santander to Funds Society.
The appointment of Luis Moreno García has been communicated over an internal memo that has been signed by the new CEO of the bank (Javier Marín). Moreno, who started working in Grupo Santander in 1988, used to be the director of Marketing in that same division.
José Salgado Fuertes de Villavicencio has been named global head of Private Banking. The Private Banking Commercial area and the Private Banking Products and Market Intelligence area will report to him. In accordance with the established corporate model, each country’s private banking business units that are integrated within commercial banking will report globally to José Salgado, and locally to the region’s corresponding commercial banking head.
Also,Oscar Villoslada Montpart has been named global head of Insurance. The Insurance Commercial area and the Insurance Products and Market Intelligence area will report to him. The new head of the division’s Marketing area, to replace Luis Moreno, will be Maria Dolores Pescador Castrillo.
The division’s remaining business areas, Asset Management and Business Development, will maintain their current structures and heads. The corporate support areas will not undergo any modifications, maintaining, inaccordance with the model defined by the Group, the process of double reporting to the business division and to the corresponding corporate support division.